China, Iran Ink 25-Year Partnership Agreement
China and Iran signed an agreement to chart the next 25 years of their bilateral relationship that includes commitments to enhance fossil fuel purchases and investment in energy industries. The Comprehensive Strategic Partnership, which has been in the works since…
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2016, was signed in Tehran on March 27 by Iranian Foreign Minister Mohammad Javad Zarif and his Chinese counterpart Wang Yi. Expanding on a bilateral Memorandum of Understanding on strengthening investment cooperation, both sides committed to greater investment in “banking, mutual investment, financing, mining, transportation, communications, space, manufacturing industries, developing of ports, upgrading and expansion of railway networks, express railway systems, agriculture, water resources, protection of environment, food security, fighting desertification, water desalination, use of nuclear energy for peaceful purposes and renewable energies.”